Stablecoin System on EOS

The bitcash platform allows users to stake EOS in a treasury pool that allows the platform to automatically generate debt tokens (bUSD) that are pegged to US dollars.  The collateralized debt position mechanics are similar to bitUSD on Bitshares & DAI in the MakerDAO system on Ethereum.  However, there are key differences.

What Makes Bitcash Different?

  • Fixed peg & redemption based on price feed VS. soft peg
  • Pooled collateral and auto-generated stablecoins VS. user specified and manually generated
  • Users who stake collateral earn 80% of trading, lending, payment income generated from DAC

What Makes bUSD So Useful?

  • You can spend bUSD as a credit line for goods & services.
  • You do not need to exchange EOS for actual US dollars and incur capital gains tax.
  • If you have a business with upcoming expenses you can use stable bUSD as cash reserves.
  • If you think EOS prices are too high you can temporarily hedge your positions or even short EOS
  • If you are bullish on EOS, you can borrow bUSD to leverage your investment up to 3x.
  • You can trade back and forth between EOS and bUSD to accumulate more value in the long run.
  • Earn multiple forms of income from staking EOS (eg. DAC trading fees, REX, vote rebates)

How Do I Get Started?

It’s easy.  Our first application called 100x allows you to buy bUSD & trade between EOS and bUSD.

All you have to do is click below to get started on our 100x beta app.. It’s coming soon!

Team

Jun Dam, MBA, CFA

Finance Architect & Business Dev

Max Gravitt

Blockchain Architect & Smart Contract Dev

Gabo Esquivel

Frontend Architect & Fullstack Dev